The recent tech layoffs in the United States have sparked concern about the future of the tech industry and its impact on the job market.
According to a recent report, over 58,000 tech professionals have been laid off so far in 2023 and more job losses are expected in the coming months. This has led many tech professionals to consider their options, including seeking new opportunities overseas.
Australia is one such country that offer a glimmer of hope for these tech professionals. The tech industry in Australia is experiencing rapid growth, presenting a unique opportunity for those impacted by the US layoffs. As the industry grows, so does the need for skilled professionals in the field. This has led to an increased interest in skilled migration to Australia.
Why Australia?
Australia is a beautiful and welcoming country that offers a high standard of living, stunning natural beauty, and a diverse range of cultural experiences. The Australian government has also introduced a number of initiatives to encourage skilled migration, making it easier for tech professionals to work and live in Australia.
Why invest your skills in Australia? Here are a few reasons why this is this is an idea destination for you:
- Thriving economy – Australia has a strong and stable economy, with low unemployment and high growth potential
- Connected to global markets – Australia gives exporters easy and preferential access to established and emerging markets of the Asia-Pacific, which are set to deliver 44% of global GDP by 2026.
- Powered by innovation – Australia is a nation of pioneers, with a rich culture of innovation and creativity. We’ve created centres of excellence in key fields, as the best minds meet to tackle the challenges that face Australia and the world.
- Investing in women – Australia is dedicated to enhancing economic stability and leadership opportunities for women, with various initiatives and funding opportunities by government at all levels specifically for women
- Diverse communities – Australia is one of the most successful, diverse and cohesive societies in the world
- An ideal living location – Australia is a secure and dependable nation, with a friendly and relaxed culture that makes it easy to achieve a work-life balance. It is also rich with beautiful natural surroundings.
- Career opportunities – Australia is home to a large number of high-tech industries, making it an attractive destination for tech professionals and other highly skilled workers
- Growing demand for skilled workers – Australia offers plenty of opportunities for career advancement and growth
Overview of Australia’s growing technology industry
Australia has been experiencing rapid growth in the tech sector over the past decade, with a growing number of world-renowned tech companies calling it home. The boom in tech-related jobs means that one in 16 Australians already work in the sector – and there is potential for much more.
Here are some interesting insights about Australia’s dynamic tech scene:
- Google has demonstrated its faith in Australia’s digital prospects by investing an additional AUD$1 billion over a period of 5 years into Australian infrastructure, research, and partnerships
- In just 5 years, Australia’s digital tech sector has grown a remarkable 79%, making it a hub for innovation and opportunity – and outpacing the rest of the economy by four times
- It is expected that by 2030, Australia’s digital sector is tipped to contribute to AUD$250 billion to the country’s GDP
- Australia ranks first in our region for Artificial Intelligence – with an estimation that we will need up to 161,000 new AI specialist and AI-savvy workers by 2030
- Over the past decade, the Australian technology industry has undergone significant growth, creating around 100 tech companies valued at over AUD$100 million
- Venture capital investment in Australia is reaching new heights, with a staggering AUD$7.9 billion invested in 2021, doubling the amount that was invested in 2020
- Australia is the home to world-leading universities and research institutions pushing the frontiers in emerging technologies from AI and autonomous systems to remote sensors and cyber security
- The Australian Government is committed to investing in infrastructure, including the National Broadband Network, 5G operational bases, cybersecurity, AI and quantum capabilities
- Overall, Australia ranks 2nd in the Asia-Pacific region, and 6th in the world, for its fintech sector based on companies and business environment
- The Australian Government has announced an AUD$111 million investment in Australia’s quantum future, having identified quantum technologies as a major area of focus
Credit: Australian Government, Global Australia
What migration pathways are Australia offering skilled tech professionals?
Under the skilled migration program, Australia offers a range of temporary and permanent visa options for highly skilled workers within the tech industry. These programs are designed to attract and retain the best talent in the technology industry, and to support the growth and development of the Australian economy.
Australia has recently issued a Ministerial Direction that prioritises the processing of skilled visa applications for individuals who are offshore.
As a high-tech professional, you may eligible for the following visa program:
- Employer sponsored program – subclass 494, 482 and 186 visas
- General Skilled Migration program – subclass 491, 189 and 190 visas
- Global Talent visa program – subclass 858 visa
With a growing demand for skilled tech professionals, this is the ideal time to take advantage of the opportunities available in Australia.
How Migration Affairs can help you make your move to Australia?
At Migration Affairs, we understand that the immigration process can be complex and overwhelming. Our team is here to help guide you through the complexities of the immigration process to make your transition to Australia as smooth as possible. Our services include:
- Comprehensive visa assessment
- Advice on the best visa program for you
- Assistance with skills assessment and visa application
- Guidance on the path to permanent residency
- Ongoing support throughout the visa process
With our support, you can rest assured that your immigration journey will be handled with the utmost care and expertise.
If you are interested in pursing a tech career in Australia, please do not hesitate to contact us to schedule a consultation.
